THE SMITH MANEUVER
Strategy of making an interest on a residential mortgage tax-deductible in Canada. Unlike in the US, mortgage interest is not tax-deductible and must be paid with post-tax dollars. Former financial planner Fraser Smith developed the strategy he called a debt conversion strategy. The benefits from this strategy include faster mortgage repayment, growing retirement portfolio, and tax refunds.
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Trade or Fade Rule
Options exchange rule introduced to eliminate trade troughs. The rule requires the market maker to match a better deal seen on another market or tr ...
A-B Split
This is a method commonly used to test if the marketing media or methods used are effective. When using A-B Split method in marketing, there will b ...
Cancellation
Notification by a broker advising his or her client that an incorrect exchange deal was conducted and that the activity is being pointed out. For e ...
Kicker Pattern
A two-bar candlestick pattern that signifies change in the direction of the market trend for the price of an asset. The pattern is composed of two ...
UFMI
Up-Front Mortgage Insurance (UFMI) is an insurance premium. It is usually collected at the time of the conception of the loan on Federal Housing Ad ...
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